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Client Accounting Services

5 Benefits of Outsourced Accounting

Posted on May 2, 2022 by

Outsourcing key business functions is a common strategy for businesses to lower costs and gain operational efficiencies. In today’s environment where finding skilled resources is a challenge for most, outsourcing solutions also provide a valuable alternative to create much needed capacity and scale up skillsets.

Client Accounting Services

U.S. Expansion: 7 Benefits of Cloud Accounting

Posted on December 20, 2020 by

Now more than ever in today’s world of virtual and remote management of a US investment, cloud accounting tools serve foreign-owned companies well. Here are seven reasons why you should consider cloud accounting when starting a US subsidiary.

Client Accounting Services, COVID-19, General, Tax & Assurance Guidance

Financial Reporting Implications Due to COVID-19

Posted on October 30, 2020 by

COVID-19 has clearly disrupted life as we know it. Despite these disruptions, businesses continue to operate (some at an altered state) and therefore are required to provide financial reporting to stakeholders.

Client Accounting Services, General

Inside Public Accounting’s List of 300 Largest Firms

Posted on August 11, 2020 by

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce it is again included on the list of the 300 largest public accounting firms in the nation as noted by Inside Public Accounting, a leading accounting trade publication.

Client Accounting Services, COVID-19, Industrial Automation Companies, International Businesses, Manufacturers & Distributors

CARES Act Special Rules for Use of Retirement Funds

Posted on March 30, 2020 by

The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.

Client Accounting Services, COVID-19, General

Paycheck Protection Program and Other Financing Options

Posted on March 27, 2020 by

The CARES Act provides many benefits, including the Paycheck Protection Program. As promised, here is our detailed analysis of what the program entails.

Client Accounting Services, COVID-19, General, Tax & Assurance Guidance

New COVID-19 Stimulus Package Results in 5 Key Action Steps

Posted on March 27, 2020 by

To help navigate the myriad business disruptions caused by COVID-19, Congress has been busy working on a Stimulus package to help taxpayers. For a deep dive into those topics, please see our article on the Summary of Cares Act.

Client Accounting Services, COVID-19, General

COVID-19: 5 Key Accounting Considerations

Posted on March 25, 2020 by

Businesses face unprecedented challenges due to the COVID-19 health crisis. Business owners must be proactive to analyze their current situation, seek resources, and prioritize a plan of action to protect their cash position and workforce.

Client Accounting Services, Tax & Assurance Guidance

Impact of Revenue Recognition Changes for GAAP/IFRS on Tax Returns

Posted on February 17, 2020 by

The new revenue recognition standards under Generally Accepted Accounting Principles (GAAP) became effective for private companies for annual reporting periods beginning after December 15, 2018.

Architecture & Engineering Firms, Client Accounting Services, General, Industrial Automation Companies, Manufacturers & Distributors

Demystifying the Financial Statement

Posted on February 12, 2020 by

Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.

Client Accounting Services, General, International Businesses, Tax & Assurance Guidance

Leadership From Around the Globe

Posted on December 2, 2019 by

A few weeks ago I traveled to Rome, along with my fellow shareholder Sue Tuson, to attend the PrimeGlobal World Conference. PrimeGlobal is one of the five largest associations of independent accounting firms in the world.

Client Accounting Services, General, Manufacturers & Distributors

Common GAAP Violations for Manufacturers

Posted on May 16, 2019 by

Across the manufacturing sector, there is a great amount of diverse strategies, footprints, and segment approaches as they deal with artificial intelligence augmented reality and the ever-increasing spread of robotics. From an accounting standpoint, the one thing that often unites these companies together is GAAP (Generally Accepted Accounting Principles) which provides...

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Data-driven decision making: 3 key insights for business owners

What does it take to build a data-driven business? For self-reliant leaders who feel they’ve hit a plateau when it comes to scaling a business, adopting a data-driven approach can be a breakthrough success strategy. Using data in a more focused way helps good engineers become good entrepreneurs. It’s about creating balance. Here we take a look at key insights for business owners when using data in decision making.